FAST METAL PROJECTS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FAST METAL PROJECTS
Largest movements
- Receivables after one year -€30,000
down €30,000 (-68.2%), from €44,000 to €14,000
- Tangible fixed assets -€8,356
down €8,356 (-4.8%), from €174,141 to €165,785
of which Plant, machinery and equipment: -€10,466
- Stocks and contracts +€5,900
up €5,900 (+17.0%), from €34,609 to €40,509
of which Contracts in progress: +€6,150
- Other debts -€21,866
down €21,866 (-74.9%), from €29,203 to €7,337
- Trade debts -€7,440
down €7,440 (-31.8%), from €23,406 to €15,965
- Debts after one year -€4,369
down €4,369 (-4.9%), from €89,572 to €85,203
of which Other amounts payable: -€2,844
- Reserves -€3,561
down €3,561 (-6.0%), from €59,222 to €55,661
- Current portion of long-term debt +€2,999
up €2,999 (+22.3%), from €13,474 to €16,473
- Gross operating margin -€15,293
down €15,293 (-27.7%), from €55,169 to €39,876
- Taxes -€2,299
down €2,299 (-100%), from €2,299 to €0
- Depreciation +€2,055
up €2,055 (+6.6%), from €31,003 to €33,057
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €267,012 | €236,164 | -€30,848 | -11.6% |
| Fixed assets | 21/28 | €174,341 | €165,985 | -€8,356 | -4.8% |
| Tangible fixed assets | 22/27 | €174,141 | €165,785 | -€8,356 | -4.8% |
| Land and buildings | 22 | €56,889 | €52,864 | -€4,026 | -7.1% |
| Plant, machinery and equipment | 23 | €29,400 | €18,935 | -€10,466 | -35.6% |
| Furniture and vehicles | 24 | €22,227 | €34,165 | +€11,938 | +53.7% |
| Leasing and similar rights | 25 | €25,892 | €19,578 | -€6,313 | -24.4% |
| Other tangible fixed assets | 26 | €39,732 | €40,244 | +€511 | +1.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €92,671 | €70,179 | -€22,492 | -24.3% |
| Amounts receivable after more than one year | 29 | €44,000 | €14,000 | -€30,000 | -68.2% |
| Other amounts receivable | 291 | €44,000 | €14,000 | -€30,000 | -68.2% |
| Stocks and contracts in progress | 3 | €34,609 | €40,509 | +€5,900 | +17.0% |
| Stocks | 30/36 | €33,374 | €33,124 | -€250 | -0.7% |
| Contracts in progress | 37 | €1,234 | €7,385 | +€6,150 | +498% |
| Amounts receivable within one year | 40/41 | €13,674 | €15,670 | +€1,996 | +14.6% |
| Trade receivables | 40 | €10,895 | €12,030 | +€1,134 | +10.4% |
| Other amounts receivable | 41 | €2,779 | €3,640 | +€862 | +31.0% |
| Deferred charges and accrued income | 490/1 | €388 | €0 | -€388 | -100% |
| Total equity and liabilities | 10/49 | €267,012 | €236,164 | -€30,848 | -11.6% |
| Equity | 10/15 | €99,222 | €95,661 | -€3,561 | -3.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €59,222 | €55,661 | -€3,561 | -6.0% |
| Distributable reserves | 133 | €59,222 | €55,661 | -€3,561 | -6.0% |
| Amounts payable | 17/49 | €167,789 | €140,502 | -€27,287 | -16.3% |
| Amounts payable after more than one year | 17 | €89,572 | €85,203 | -€4,369 | -4.9% |
| Financial debts | 170/4 | €78,433 | €76,908 | -€1,525 | -1.9% |
| Other amounts payable | 178/9 | €11,139 | €8,295 | -€2,844 | -25.5% |
| Amounts payable within one year | 42/48 | €78,218 | €55,300 | -€22,918 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €13,474 | €16,473 | +€2,999 | +22.3% |
| Financial debts | 43 | €8,541 | €10,000 | +€1,459 | +17.1% |
| Credit institutions | 430/8 | €8,541 | €10,000 | +€1,459 | +17.1% |
| Trade debts | 44 | €23,406 | €15,965 | -€7,440 | -31.8% |
| Suppliers | 440/4 | €23,406 | €15,965 | -€7,440 | -31.8% |
| Taxes, remuneration and social security | 45 | €3,594 | €5,524 | +€1,929 | +53.7% |
| Taxes | 450/3 | €3,594 | €3,524 | -€71 | -2.0% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €29,203 | €7,337 | -€21,866 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,003 | €33,057 | +€2,055 | +6.6% |
| Other operating charges | 640/8 | €2,821 | €3,092 | +€271 | +9.6% |
| Non-recurring operating charges | 66A | - | €350 | +€350 | |
| Gross operating margin | 9900 | €55,169 | €39,876 | -€15,293 | -27.7% |
| Operating profit (loss) | 9901 | €21,345 | €3,377 | -€17,968 | -84.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +900% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +900% |
| Financial charges | 65/66B | €7,284 | €6,939 | -€345 | -4.7% |
| Recurring financial charges | 65 | €7,284 | €6,939 | -€345 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €14,062 | -€3,561 | -€17,623 | |
| Income taxes | 67/77 | €2,299 | €0 | -€2,299 | -100% |
| Profit (loss) for the period | 9904 | €11,763 | -€3,561 | -€15,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,763 | -€3,561 | -€15,324 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.